Laura Jewett

Laura Jewett

Property SearchContact
primary-1
primary-2primary-3
Closed

$375,000

($349,417 down)
VA

719 W Colorado Avenue, Colorado Springs, CO 80905

3
3
1,987 sqft
PITI Monthly
$1,194.77 /mo

Listing courtesy of: Melissa Hernandez, Jason Mitchell Real Estate Colorado, LLC

Assumed Rate

7.82%
7.15%

Principal & Interest

$942 /mo
$882 /mo

What's Special

LOCATION
SPACIOUS
HISTORIC
CHARMING
COZY

Location, Location, Location! This beautiful Victorian classic is situated within walking distance of downtown, award-winning restaurants, and lush parks. Whether you're an investor seeking a fantastic income opportunity or looking to own a piece of history, this property is a must-see. Upon entering, you're greeted by an open corridor leading to Units A and B. Unit A features two bedrooms, 1.5 bathrooms, a spacious living room, and a full kitchen. Unit B, located upstairs, offers one bedroom, one bathroom, a full kitchen, and a cozy living area. This property boasts excellent rental potential in the heart of Old Colorado City and Downtown Colorado Springs. Enjoy peace of mind with updated PEX plumbing. Live or invest in a vibrant community known for its historic charm and convenience. Don’t miss your chance to own this gem in a prime location. Check it out today and see why this Victorian duplex is the perfect place to call home or invest in! This versatile property offers you the flexibility to convert it back into a charming Single Family Residence or keep it as a Multi-Family Residential Income property. The choice is yours, this home is C5 Zoning.

... Show more

Assumption Snapshot

Type of Loan
VA
Interest Rate
7.82
Remaining Loan Term
1 years, 11 months
Monthly PITI
$1,194.77/mo
Estimated Loan Balance
$26,353
Cash to close
$349,417
Interest Paid
$206,820

Facts & Features

Interior

Bedrooms & Bathrooms
  • Bedrooms: 3
  • Bathrooms: 3
Cooling & Heating
  • Cooling: None
  • Heating: Forced Air
Features
  • Materials: Frame
  • Community: Unknown
  • Has Fireplace: No
  • Fireplace Features: Unknown
  • Flooring: Laminate, Wood

Exterior

Fencing
  • Fencing: Partial
Roof
  • Roof: Composition
Parking
  • Garage: No
  • Garage Spaces: 0
  • Carport: No
  • Carport Spaces:
Water
  • Sewer: Public Sewer
  • Water Source: Unknown
Pool
  • Has Pool: No
  • Pool Features: Unknown

Construction

Type & Style
  • Stories:
  • Home type: Single Family Residence
  • Architectural Style: Victorian
Materials
  • Frame
  • Roof: Composition
Condition
  • Year Built: 1898
Details
  • Builder:

Community & HOA

Community
  • Subdivision: West Bluff
  • Features: Unknown
HOA
  • Has HOA: No
Location
  • Region: Colorado Springs

Financial Details

  • Price per Sqft: $188.73
  • Tax Annual Amount: $1238
  • On Market Date: 2024-07-12T00:00:00.000Z
Inquire about this property

We will reach out to you with more details

Apply to Assume

Fill out an application to explore financing options for assuming this loan.

Apply now

Savings Calculator

Current cash to close is $349,417 (93%)
You can enter any amount below - secondary financing will cover the difference if needed.
93%
$

You cover the entire equity of $349,417!

Enter a smaller amount if you prefer to use secondary financing.

Loan Breakdown

Assumed Mortgage7.82% Sellers Rate
$25,583
Your Cash:$349,417
Total Purchase Price:$375,000

Assumed vs Traditional Mortgage

Assumed @ 7.82%
$942/mo
Traditional @ 7.5%
$915/mo
You save $-27/month ($-324/year)

*Secondary financing rates are an estimated value based on input

MLS ID: REC8561767

Listing From: recolorado

Last updated: 2024-10-01T18:14:40.000Z

© , recolorado. All rights reserved. Information deemed to be reliable but not guaranteed. The data relating to real estate for sale on this website comes in part from the Broker Reciprocity Program. Listing broker has attempted to offer accurate data, but buyers are advised to confirm all items. IDX information is provided exclusively for consumers’ personal, non-commercial use and that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information deemed reliable but not guaranteed to be accurate. Listing information updated daily.

Assumed Rate

7.82%
7.15%

Principal & Interest

$942 /mo
$882 /mo
Inquire about this property

We will reach out to you with more details

Apply to Assume

Fill out an application to explore financing options for assuming this loan.

Apply now

Savings Calculator

Current cash to close is $349,417 (93%)
You can enter any amount below - secondary financing will cover the difference if needed.
93%
$

You cover the entire equity of $349,417!

Enter a smaller amount if you prefer to use secondary financing.

Loan Breakdown

Assumed Mortgage7.82% Sellers Rate
$25,583
Your Cash:$349,417
Total Purchase Price:$375,000

Assumed vs Traditional Mortgage

Assumed @ 7.82%
$942/mo
Traditional @ 7.5%
$915/mo
You save $-27/month ($-324/year)

*Secondary financing rates are an estimated value based on input

Follow Us
UMe Assumptions
Agent/Broker
Laura Jewett(480) 628-2563laura@azinspiredliving.comMLS SA525254000

Powered By UMe.

© Listing Service, All rights reserved. The data relating to real estate for sale on this website comes in part from the Listing Service. Real estate listings held by brokerage firms other than are marked with the Listing Service logo and detailed information about them includes the name of the listing brokers. All information deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) nor Listing Service shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless.

equal-housing

© is committed to and abides by the Fair Housing Act of Equal Opportunity.